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Payment Technology is always evolving with its goal to make transactions as seamless and as easy as possible for a good customer experience. Where is Payment Technology Going Next? Here are some areas where the future of payments may very well lie: EMV Near Field Communication Voice Commerce Cryptocurrencies Artificial Intelligence What is EMV? EMV® developed and managed by American Express, Discover, JCB, Mastercard, UnionPay, and Visa — is a...

Where is Payment Technology Going Next? Magnetic Card Readers. Are They Becoming Obsolete? A magnetic card reader is a device used to read magnetic stripe cards, such as credit cards. A magnetic stripe card is inexpensive compared to other card technologies and not hard to program. While a magnetic stripe is more difficult to create than a barcode, the technology for reading and encoding data on a magnetic stripe is widespread and it is easy...